Worksite HR outsourcing pairs a company with a PEO who assumes legal and administrative duties on behalf of the business. Also known as employee leasing, this arrangement lets a company transfer its HR responsibilities to a partner organization. With the help of PEO companies in the USA that offer worksite HR outsourcing, business owners and …
Having a 2022 HR compliance checklist can help ensure your company meets all local, state, and federal regulations. Failure to adhere to these rules can result in fines and other penalties for your business. You can handle HR compliance independently or work with a company specializing in human resources (HR) services to boost your compliance confidence. Find …
HR compliance refers to understanding and adhering to local, state, and federal labor laws to ensure a company operates legally and efficiently. These laws are designed to protect employees’ rights and ensure fair treatment in the workplace. Companies are required to implement policies that meet these standards to avoid the risk of fines, penalties, or …
Outsourcing HR functions is an increasingly common way that businesses have been using to get a competitive edge. HR functions, like accounting, payroll, and taxes, can take two full work weeks away from members of your staff over the course of a year. Using the services provided by a professional employer organization (PEO) is one …
aSmall businesses frequently run on tight margins and try to make ends meet by cutting unnecessary costs. Especially when a company is just starting out, having resources dedicated to HR functions can seem counterproductive. The truth is that businesses start having HR needs the moment they hire their first employee. As a business grows, those …
HR outsourcing can be done with or without co-employment. However, depending on what your business needs, co-employment may offer you far more than other types of HR outsourcing—and it has some advantages that traditional outsourcing cannot match. To start with, let’s look at traditional outsourcing vs. co-employment with a PEO: Traditional HR Outsourcing: You hire …
An HR leasing company, also known as a professional employer organization (PEO), is a vendor that you hire to take over select legal responsibilities toward your employees. You create a contractual relationship with the leasing company/PEO to share employment duties. Under this contract, the employees are “leased” so that your PEO becomes their employer of …
To run a successful business, you’ve got to understand when you need additional expertise to tackle a problem. For many small business owners, they find that there are HR challenges to a growing company that they need help solving. While some business owners hire an entire HR staff, many business owners turn to outsourcing of …
HR outsourcing reduces costs compared to hiring in-house HR staff for several reasons. One is the overhead costs of hiring an HR expert, which are cheaper than hiring in-house. Another is preventing indirect costs your company could bear because administrative tasks weren’t done correctly. As your business expands, so do the intricacies and costs associated …
Professional employer organizations (PEOs) like the ones in NetPEO’s nationwide network offer a variety of HR and accounting services to companies across the United States. In fact, recent data from the National Association of Professional Employer Organizations shows that more than 3.7 million employees work for businesses that are partnered with PEOs. While companies of …
According to the National Association of Professional Employer Organizations, the use of PEOs to outsource human resources is on the rise in a big way in the United States. Currently, roughly 15% of all businesses use a PEO to outsource their human resources (HR) and accounting needs, and growth within the PEO industry is 14 …
To attract the top talent in any field, it is necessary for a business to have the best possible employee benefits packages. However, paying for employee’s health care can be prohibitively expensive. In order to alleviate this problem, many companies turn toward PEOs like the ones in NetPEO’s nationwide network to lower costs. Lowering Health …
Any business can outsource their human resources department, whether that business is large or small. You may think that your HR department is too small to outsource but, in fact, small businesses often decide to outsource because of the money they can save. When you’re just starting out, you may not be able to afford …
The concept of co-employment may be slightly confusing for business owners who are used to providing all of their employees’ benefits on their own. Essentially, co-employment is just a fancy way of saying that your business is going to team up with a PEO to provide better, more efficient services to your employees. Using co-employment …
The challenges faced by a given company will invariably differ in their specifics from those faced by another. For that reason, the solutions sought out and implemented by each company will also differ from one to the next. Determining which type of human resources (HR) outsourcing company is right for you depends on several factors, …
